What is a Crypto Exchange ?
A Crypto is a platform in which you can sell and buy and trade crypto. If a person wants to buy or sell crypto they can do so by using this platform . Crypto-exchange is the mediator of buyers and sellers. You can also change your crypto back into your currency or any other currency , you can leave it in your account in case you want to trade back or you can withdraw into your regular bank account.
In addition to trading services, it also provides price discovery through trading activities, as well as storing crypto.
There are broadly three types of crypto exchanges:
- Centralized Exchanges (CEXs)
- Decentralized Exchanges (DEX)
- Hybrid Exchanges (HEX)
What is P2P Exchange?
One of the most popular ways to buy crypto is through a method called P2P Trading. A P2P trade is carried out between individuals. Buyer sends payment directly to sellers who have the digital currency buyer needs, the seller releases the digital currency to the buyer. Since the purchase of crypts happens between the individuals outside of the exchange not in the exchange, this method is knows is “P2P” or “peer-to-peer trading”
P2P (Peer-to-Peer) trading is also known as P2P (customer-to-customer) trading in some places. In P2P trade, the user directly deals with his/her party, exchanging the fiat asset offline and confirming the transaction online. Once the offline fiat asset exchange is confirmed by both parties, the digital asset is released to the buyer.
Advantages of P2P Exchange
There are various benefits of using a P2P Exchange. Some of them are listed below:
- Flexibility in payment options: In a P2P crypto exchange, you have the freedom of using any mode of payment that the seller accepts. That means you can buy crypto with gift cards, checks or digital payments. Compared to traditional platforms which only limit credit and debit cards, these exchanges absolutely have no
- Maximum Security: In the last few years, security for systems involving third parties has improved greatly. Involving this aspect, these crypto exchange software are safer to trade on. Escrow systems protects everyone involved as well as the P2P altcoin exchange itself. Since the exchanges do not themselves possess the crypto, users can exchange in a carefree
- Lower Fees: Few P2P exchanges do have fees, but they’re usually lower than the standard P2P exchanges don’t have an intermediary, hence these platforms charge only for an escrow fee.
- Accessibility: The main plus point of these exchanges is that it doesn’t need a bank account to buy crypto, making it more feasible and accessible in unbanked regions. Most of these crypto exchange software only need swift internet connection and a smart phone in order to
The Best P2P Crypto Exchanges for Minimal Fees and Maximum Security. PlatinX
PlatinX works as market maker and crypto exchange software for both upcoming and already established crypto exchanges. Since the exchange always struggles with factors regarding liquidity thereby discouraging the potential traders. The performance of an exchange is guided by how high the number of traders are.
PlantinX is a leading crypto exchange developer. We provide customers with solutions for all types of crypto exchanges, whether centralized exchanges or decentralized ones.
Conclusion
Given popular P2P services like PlatinX, we provide the P2P Crypto Exchanges at Minimal Fees and Maximum Security in order to provide you the best experience in the crypto world. We are one of the best crypto cross exchange trading software. Visit https://www.platinx.io/ for more assistance.
